Why Meta Launched A NFT Minting Feature On Instagram
Big tech company Meta, formerly known as Facebook, will extend its non-fungible token (NFT) features to the social network Instagram. According to an official announcement, the company partnered with the Ethereum-based second-layer solution Polygon to allow creators to mint their digital assets. Related Reading: Fed Interest Rake Hike Fails To Destabilize Bitcoin, Is This The […]
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Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report stemming from the financial news outlet FT says that Meta and the firm’s subsidiary Instagram are currently exploring NFT technology. FT quotes unnamed sources familiar with the matter, that claim....
Meta is bringing interactive 3D ads to Facebook and Instagram feeds, inspired by the metaverse pivot the company has begun to execute since its name change. This is possible due to a new integration in Meta’s AR (Augmented Reality) publishing library with a development from a company called Vntana.
Vntana Integrates 3D Ads in Meta’s Apps
Publishers will now be able to include 3D models in their ads on platforms like Facebook and Instagram, that belong to Meta. This innovation will allow any publisher to include these metaverse-inspired ads in the feeds the....
Earlier this week, Meta also announced it would join with other tech companies to create a metaverse standards body. Instagram's parent company Meta announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform SparkAR.CEO Mark Zuckerberg said of the announcement, “We're expanding our test so more creators around the world can display their NFTs on Instagram.” The company also mentioned in a recent article, "Creators and collectors will be able to share their digital collectibles across Facebook and Instagram after we begin rolling out the....
In December 2021, the CEO of Instagram, Adam Mosseri, discussed how the firm was looking into non-fungible token (NFT) technology during an ask-me-anything (AMA) session. Three months later, at the South by Southwest (SXSW) event in Texas, Meta’s CEO Mark Zuckerberg explained Instagram plans to introduce NFTs in the “near term.” Meta CEO Hints NFT Features Are Coming to Instagram It seems NFTs are coming to Instagram soon, according to statements from Meta’s CEO Mark Zuckerberg at SXSW this week. Zuckerberg spoke with Shark Tank’s Daymond John at the....
An “end-to-end toolkit” for creators to make, show, and sell “digital collectibles” is coming to the social media platform Instagram. Social media platform Instagram is set to introduce a number of nonfungible token (NFT)-related tools that will allow creators to mint, show and sel NFTs.Instagram parent company Meta said on Nov. 2 during its Creator Week 2022 event that the platform would allow its creators to make “digital collectibles” and sell them “both on and off Instagram.”Meta says creators will have an “end-to-end toolkit” from creating, showing, then selling NFTs within the....